Ford Joins Up With Volvo to Meet European Environmental Rules

摘要

Ford Motor Co., seeking to avoid costly fines for falling short of European environmental regulations, is joining with Volvo Cars AB to comply with the rules limiting emissions from their vehicles. Volvo, part of China’s Zhejiang Geely Holding Group Co., and its affiliate Polestar have overachieved in meeting the regulations and will sell its surplus to Ford for an undisclosed sum, the Swedish automaker said Thursday in a statement. Volvo said it will use the revenue it receives from Ford to invest in green technology projects. Ford had to seek the help of another manufacturer to meet the stringent new rules because it fell out of compliance after being forced to recall 20,500 plug-in hybrid Kuga SUVs when seven caught fire while charging.